ElectricSavant
Registered: Jan 2003
Posts: 14844 |
01-16-12 12:55 AM
Ok here we go again...
This is a continuation with some different settings from this thread:
http://www.elitetrader.com/vb/showt...threadid=233687
This EA illustrates a grid without any indicators and a mindless progression of trades throughout a range, with the added risk of progression (D' Alembert martingale).
The nature of the "Super Money Grid" is to keep trading the back and forth movements and to realize profit during the carry. This profit from the movement should exceed the cost of carry and allowing for the entire historical range should net you 35-70% yield per year with a reasonable risk. Now let me warn you...If you do not like to carry a negative UPL then this is not for you. It will take about 30 calendar days just to get a positive NAV also. So this is a long term investment into an ATM machine in your living room.
Another unforseen risk with this EA is if the EURO collapes..or your dealer takes off with your capital, let alone that this EA uses a martingale approach.
Start capital of four thousand USD per dealer with 1:500 leverage could net you a nice income, considering this is a set & forget type of investment. Load it on a m15 chart of Cable.
The settings to this EA will follow in the next post. They are based upon 10 cent a pip trade sizes with a martingale based on the more conservative D'Alembert method (if there is such a thing as a conservative martingale HeHe) and a grid size of 60 and a TP of 65.
http://www.swapme.net/mroops-free/M...0D'Alembert.pdf
There is a setting for unbalance control which is set to true for those times when the grid get lopsided.
If the market has a long trend and you are using a progression you would have many "big" opened orders against the trend and only 1 "min_lots" order with the trend. If you enable unbalance control the ea will increase volume of orders following the trend.
There is a profit lock function in this EA which acts as a trailing stop for the group of orders breaching the grid boundry and ready for exit. The profit lock tries to maximize the TP.
ElectricSavant
 super money grid.mq4
This has been downloaded 429 time(s).
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